Wow. Who knew that the Securities and Exchange Commission (SEC) had a seriously geeky side? It’s no secret that the SEC and its documentation constitute an endless well of legal gobbledygook that will cure insomnia for many, instill zombie-like behavior in others, and force some individuals into an existential crisis. It is news, though, that… Read More >>
GLEIF Debuts Support for Machine-Readable LEIs
The Global Legal Entity Identifier Foundation (GLEIF) is clearing a new path for LEIs by integrating them with the eXtensible Business Reporting Language (XBRL), which facilitates the embedding of LEIs into digital, machine-readable financial documents. Integrating the LEI into digital business reports is intended to improve entity verification and ease online data aggregation, according to… Read More >>
SEC Filers Must Move to Inline XBRL
Amid the flurry of news about tariffs, scandals, mergers and trade wars, the SEC quietly adopted rule amendments that will require the implementation of the Inline eXtensible Business Reporting Language (XBRL) format “for the submission of operating company financial statement information and fund risk/return summary information,” according to the SEC. The amendments are expected “to… Read More >>
SEC Wants to Make Inline XBRL Mandatory
The SEC, as part of what it calls its “disclosure modernization initiative,” is proposing amendments to improve the quality of data submitted by public companies and mutual funds using the eXtensible Business Reporting Language (XBRL). XBRL is a format that “allows filers to embed XBRL data directly into a HyperText Markup Language (HTML) document,” the… Read More >>